Prime Minister Narendra Modi emphasized the crucial role of three sectors—textiles, tourism, and technology—in India’s development, during his address at the Madhya Pradesh Global Investor Summit in Bhopal on Monday. He outlined how these sectors are poised to generate millions of new jobs for the country.
“Textiles, tourism, and technology will play a vital role in India’s future growth. These sectors will create crores of new jobs. India is the second-largest producer of cotton, and we have a long-standing tradition of textile manufacturing, along with strong skills and entrepreneurship,” PM Modi stated.
Highlighting Madhya Pradesh as the “cotton capital” of India, the Prime Minister revealed that the state contributes 25% of the country’s organic cotton supply. He also pointed out that India is the sixth-largest exporter of textiles and apparel worldwide.
The government is also focused on expanding India’s technical textiles industry, with plans to export USD 10 billion worth of technical textiles under the National Technical Textiles Mission. Launched in 2020, the mission aims to position India as a global leader in this segment and has a financial outlay of Rs 1,480 crore until 2025.
Addressing the importance of water security for industrial growth, PM Modi discussed the government’s efforts in water conservation and the river interlinking mission. He mentioned the recently launched Rs 45,000 crore Ken-Betwa River Linking Project, which aims to increase agricultural productivity across 10 lakh hectares of land.
PM Modi also spoke about the Union Budget, highlighting initiatives to empower the middle class and boost consumption. “In this month’s budget, we have energized India’s growth. The middle class is the backbone of demand for both services and manufacturing. By making income up to Rs 12 lakh tax-free, we have restructured the tax slab to empower them,” he said.
Through these initiatives, the Prime Minister underscored the government’s commitment to creating a robust local supply chain and making India self-reliant in manufacturing.
